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- Um So...That's a Write-Off
Um So...That's a Write-Off
POV: I'm your accountant and I already need a vacation (so let's write this off)
Alexa, play “Rise and Shine” by Kylie Jenner ☀️
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it’s sink or swim
After reading this, you’ll be able to girlsplain a tax write-off, how you could write off a vacation, and maybe even score a date. (~read time: 6 min)
If you’re reading this, we’re in the middle of Coachella weekends, tax season just ended, and Dua Lipa’s album is getting closer and closer. So get excited because we’re getting into:
Did Dua Lipa Only Make Radical Optimism for the Write-Off?
What Exactly IS a Tax Write-Off
A Nepo Baby’s Guide to a Tax Write-Off in Action
From Your Inbox to IRL: We’re Playing Matchmaker
Try to Pass This Judgey CPA
Because look, I’ve made it onto accounting Twitter and your favorite tax meme pages so.. I’ve pretty much earned an internet CPA by now, right?
And when you have your inevitable ~mic drop~ moment at the water cooler, share this with your besties so they can too 💌 (& let us know on social). You’re referrals are 🥰.
Dua Lipa’d into this ocean and came out richer
Is Radical Optimism’s Creative Direction for the Write-Off? 🧜♀️
In this house we stan Dua Lipa. She’s an intellectual queen. So much so that it seems like she chose her new album’s cover art purely for a tax write-off… or did she? Let’s investigate. 🕵️♀️
The art in question
Dua Lipa is always on vacation. When she’s not in the studio or on stage, she’s traveling. And the whole internet knows it.
travelling non-stop, wearing pretty clothes, kissing cute guys, reading the best books and having a drink in hand at all times…she’s living the dream life
— that's so haute (@thatssohaute)
1:58 PM • Mar 5, 2024
Oh, and I mean any chance she gets. The only stops announced so far for her latest tour:
Germany
Croatia
France
Also, these are the lead singles so far off the album. They’re not exactly giving “mermaid core” energy.
And there IS a tax write-off for vacations…if they’re used for business purposes. And if she didn’t… she should’ve.
Let’s break this all down, shall we?
Um So… That’s a Write-Off
But What Exactly IS a Write-Off?? 🫰
Yeah so…I’m not going to type all this out…since you know, I’m not ACTUALLY your accountant. If you want a professional, go hire one.
But here’s a short explainer that’ll make you go “Oh Schitt, I remember what that is now”.
@cbcgem that’s not a write-off, David (📺: Schitt’s Creek) #schittscreek #danlevy
To recap for those of us with the attention spans of a goldfish:
So now that we’ve got the basics on lock, let’s get back to it.
A Nepo Baby’s Guide to a Tax Write-Off in Action
How the Rich Stay Richer and Go to Coachella 🌵
When I say nepo baby, you say Kendall and Hailey…ok ready?
Here’s how Kendall Jenner and Hailey Bieber could write off Coachella (and probably are). Oh, and we know they were definitely taught these easy tax layups at birth.
The key word here: Brand activations!!
Not only are their brands killing the marketing game this Coachella season, but 818 and Rhode are paving the way for the girlies to cut down some expenses.
Let’s start with Kendall.
First, let’s take a moment to appreciate the 818 Outpost for WINNING Coachella. No other brand is even close.
They had photo ops and free products for everyone (not just VIPs or Influencers). Not so common nowadays.
Moving on to Hailey.
Hailey Bieber showed up and showed out with Rhode.
They had a photo booth with a lipgloss dispenser, and she continued to post selfies featuring the Rhode phone case and gloss combo. Talk about putting in the work.
Who needs an influencer when you ARE the influencer?
So how would they write it off?
Most regular costs of business travel are tax-deductible:
flights
ubers
hotel/airbnb
50% of eligible meals
These also happens to be the most expensive parts of Coachella (besides the ticket).
When they're just living life, they can't write it off.
They can ONLY write off expenses while conducting business and they need to document each expense, including how/why it's business-related.
Notice how they spent MOST of the weekend at their brand events?
As Kim Kardashian would say “Nobody wants to work anymore” so why not mix work with a little pleasure?
What else has major tax benefits? Marriage. Let’s find you a life wallet partner.
Inbox to IRL
⚠️it's time to girlsplain matchmaking⚠️
So you're a founder but you still haven't found her? Your deal flow is hot but not your date flow? You're focusing on the wrong M&A when you should be focusing on a marriage and acquisition? Forget the B2B SaaS, you need Bae2Bae Sima aunty as a Service.
We've all been there - forget re-engaging, it's time to churn the cold leads and start relation(ship)ping.
Calling all ebita-daddies and millionaire-mommys:
We're here to help you find your unicorn (in love). And this just might be it ↓
Age: 23
Here’s the tea ☕️
Outside of work, I love to play tennis, hike, travel, and cook. Recently returned from Copenhagen so going to try some new Danish recipes!
Born in California, now in Boston and working in venture capital
Rizz Check ❤️🔥
His Green Flags ✅
When she is kind and loving to their parents and siblings
When she treats the waiters, janitors, and bus boys with respect and dignity
His Warning Label 🚩
When she has no hobbies or interests outside of work
Interested? Slide into his DMs.
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